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ZipNumbers

Minnesota · Census place 53296

Raymond city, MN

Quick answer

Raymond city has 771 residents, ranking #407 of 914 places in Minnesota. Median household income is $62,308, the median home is worth $146,000 and median gross rent runs $959 a month.

Population
771Raymond city residents
Median household income
$62,308Past 12 months, inflation adjusted
Median home value
$146,000Owner-occupied units
Median gross rent
$959Rent plus utilities, monthly
Median age
34.6 yrsAll residents
Homeownership rate
67.8%Owner-occupied households

What the numbers mean in Raymond city

Housing cost measured against local earnings.

A household earning the Raymond city median would spend about 18.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 18.1% of residents and 67.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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